Medical Billing Services
Electronic and Paper Claim Submission
Claims are filed in the manner that best suits your needs. We tailor our billing services to meet the specific needs of each client so that we’re offering the best possible service for you. This means adjusting how we process claims in order to suit your preferences and needs. These services include:
- Medical billing & coding
- Filing claims either electronically or paper
- Auditing claims
- Following-up with insurance providers
- Reducing time in A/R/
- Increasing your collections
Start seeing more profitability in as little as 5 days
One phone call is all it takes to identify whether our services are right for your practice. We can start serving you in as little as one week.
Our Electronic and Paper Claim Submission Services
Every medical practice has different needs and requirements for how their billing is processed. For this reason, we tailor our services to meet your specific needs. This includes how we file your claims. In addition to your own preferences, insurance providers may also have requirements in terms of how they accept filed claims. Keeping this in mind, we adjust our billing processes to reflect both your needs and the requirements of insurance companies.
Accurate Claim Filing
Our expertise and knowledge in coding can help to ensure that your claims are filed both accurately and on time. Whether you need claims filed electronically or on paper, we can process those for you correctly and in a timely fashion.
Prompt Medical Billing
One of the most common mistakes that medical practitioners make is not filing claims on time. Insurance companies typically have deadlines that you have to meet in order to avoid the claim being denied. It’s easy for busy doctors and other medical professionals to simply not have time to make those deadlines. Outsourcing your billing can help to guarantee prompt filing, both electronically and on paper. Typically, we can get your claims to insurance payers within 48 hours.
Insurance Provider Follow-up
Filing claims isn’t all we do. Once a claim has been filed with an insurance company, we keep track of it. We run daily audits to determine the status of each claim, no matter how it was filed. When necessary, we check in with insurance providers to see if there’s a problem or whether the payer has denied the claim.
Claims Denial Management
Another service we offer is claims denial management. While many claims are denied by insurance companies for things like inaccurate coding or late filing, outsourcing eliminates those causes. Those two aren’t the only reasons a payer may deny a claim, however. We look into each denial and make the adjustments required to refile.
Get a more profitable practice
Increase collections by 15%
Inhouse Medical Billing
$1,200,000 revenue
– $45,000 biller salary
– $40,000 secondary biller salary
– $23,750 Benefits and Overhead @ 25% of salary
– $3,000 Cost of software and hardware for billers
– $1,200 Cost of Postage
$1,087,000 in net collections
Average billing expense of 10.25% of collected revenue
Outsourced Medical Billing
$1,400,000 17% increase in top line collected revenue
– $77,000 5.5% of collected revenue
$1,323,000 in net collections
Average billing expense of 5.5% of collected revenue plus the added collective revenue from outsourcing
Benefits of Electronic and Paper Claim Submission
There are a number of benefits to outsourcing your medical billing. Our flexibility in meeting both your needs and the requirements of each insurance payer is just one of them.
Fewer Claims Denials
We reduce the risk of a claim being denied by the payer in a number of ways. To start, we can file either electronically or on paper, whichever the insurance company requires. We also offer more accurate coding than what many medical practices can do themselves. Additionally, we file in a timely manner so that deadlines aren’t missed.
Faster Collections
Whether a claim has been submitted electronically or via a paper claim, we can ensure that you receive your collections owed faster than if you’d filed them yourself. Typically, claims we file spend 19 fewer days with the payer’s accounts receivable.
Increased Medical Collections
Outsourcing your medical billing can also increase your total collections. We’ll file claims in whatever way the insurance provider requires to eliminate the risks of denials. With our more accurate and more specific coding, we’ll maximize your collections with each insurance company.
Testimonials